Marine Cargo Insurance

Marine Cargo Insurance Policy

Covers loss or damage to your goods while being transported by rail, road, air or by sea. The policy compensates you for losses suffered and offers complete financial protection during the transit of your goods. International business carries with it significant risks. The importing and exporting of goods can expose you to massive financial losses should your international shipments be damaged or destroyed in transit. Marine Cargo Insurance not only provides the best protection for your cargo, but also understands the importance of swift response and efficient service in handling your claims.

Features and services covered:

  • Stock Throughput Insurance – covers the transit and the storage
  • Tea Crop Insurance – covers the transit and the storage of tea
  • Consequential Loss Insurance – covers loss due to delivery delay
  • Innovative Yet Simple Products: Sales Turnover Policy, Stock Throughput or the standard Marine Open Policy. We have something for everyone – a small exporter, importer, trader, manufacturer, a SME, a large corporate house or a Multi-National Corporation
  • Flexibility: Our knowledge and expertise allows us to customize policies to suit your needs
  • Knowledge: We are the only company to have a dedicated team of marine cargo underwriters.
  • Tech Advantage: We are the pioneers of online issuance of marine certificates in India. Our E-marine is a unique and simple tool. Backed by a dedicated helpdesk, E-marine makes 24×7 insurance actually possible.
  • MLCE: Specialized products need extra handling. Our Marine Loss Control Engineering (MLCE) can assist you in identifying potential hazards in your supply chain, develop loss prevention guidelines and help you implement loss control and quality improvement programmes.
  • Comprehensive all-risks coverage
  • Flexible coverage options available
  • Worldwide claims survey and settlement assistance
  • Extensions for riots and strikes, perils etc.
  • Customized covers suitable for your needs
  • Attractive discounts

 Marine Cargo Insurance Policy Coverage Type

  • Open Policy
  • Specific Voyage or Time Policy
  • Open Cover
  • E-marine
  • Seller’s Contingency Policy
  • Duty Insurance Policy 

Special Features:

  • Worldwide claims survey and settlement assistance
  • Network of surveyors all over the country
  • Customized and innovative covers based on your needs
  • Extensions for multi-transit, incidental storage, FOB, riot and strikes perils etc.
  • Discounts for voluntary higher excess, lesser distance, etc

 Marine Cargo Insurance Exclusions

The policy does not cover loss or damage to cargo insured due to:

  • Wilful misconduct of the insured
  • Insufficiency or unsuitability of packing or preparation of the cargo insured
  • Ordinary leakage, ordinary loss in weight or volume, ordinary wear and tear, and inherent flaws in the cargo insured
  • Delay
  • Insolvency and financial distress of the carriers
  • Un-seaworthiness of the vessel

We provide above services for following General Insurance Companies:-  Religare Health Insurance Company Limited, Apollo Munich Health Insurance Company Limited, Bajaj Allianz General Insurance Co. Ltd., Bharti AXA General Insurance Company Limited, Cholamandalam MS General Insurance Co. Ltd., Future Generali India Insurance Company Limited, HDFC ERGO General Insurance Co. Ltd., ICICI Lombard General Insurance Co. Ltd. , IFFCO Tokio General Insurance Co. Ltd., L&T General Insurance Company Limited, Liberty Videocon General Insurance Company Limited, Max Bupa Health Insurance Company Ltd., National Insurance Co. Ltd., Reliance General Insurance Co. Ltd., Royal Sundaram Alliance Insurance Co. Ltd, SBI General Insurance Company Limited, Shriram General Insurance Company Limited, Star Health and Allied Insurance Company Limited, Tata AIG General Insurance Co. Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., United India Insurance Co. Ltd.,Universal Sompo General Insurance Co. Ltd.,

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